Shang Hai Zheng Quan Bao·2025-09-12 20:29Group 1 - The company held its 17th temporary board meeting on September 12, 2025, where it approved the proposal to amend the Articles of Association, eliminating the supervisory board and establishing a worker representative director [2][3][30]. - The board meeting was attended by all seven directors, and the procedures complied with relevant laws and regulations [2][3]. - The company plans to hold its second temporary shareholders' meeting on September 29, 2025, combining on-site voting and online voting [3][5]. Group 2 - The proposal to amend the Articles of Association aims to enhance corporate governance efficiency by removing the supervisory board, with its responsibilities transferred to the board's audit committee [30][31]. - A worker representative director will be elected through democratic processes among employees, without requiring shareholder meeting approval [31][32]. - The company will also update its Articles of Association to reflect changes in registered capital and total shares due to previous stock repurchase actions [31][34].